Sony’s Web3 exploration has now come to a point that the Japanese tech giant has announced its own blockchain network, named Soneium. The layer-2 network is being built atop Ethereum in collaboration with Startale Labs, the team behind Astar Network. Sony has established a new entity called Sony Block Solutions…
The Telecom Regulatory Authority of India (TRAI) is taking active measures to control the menace of spam calls in the country. In a recent move, the country’s telecom watchdog has issued a directive to all network providers, asking them to stop promotional calls from unregistered callers, said an official statement…
The Indian government is set to present the union budget for the fiscal year of 2024-2025 on July 23. Ahead of the upcoming budget announcement, Federation of Indian Chambers of Commerce and Industry (FICCI), India’s non-government trade and commerce body, has extended a proposal to create a blockchain portal that…
Crypto exchanges and blockchain firms have launched a special initiative called the Blockchain Security Standards Council (BSSC) in order to open discussions around the security provisions related to blockchain technology. Kraken, Coinbase, Ribbit Capital, and Sentinel Global are some of the crypto firms that have formed the BSSC. The security…
Blockchain, the underlying technology supporting cryptocurrencies and other Web3 ecosystems, has been garnering interest from Indian government bodies for some time. Recently, Bihar has become the latest state to explore the potential applications of blockchain in India. The Bihar State Electronics Development Corporation (BSEDC) has announced plans to implement a…
Dubai Customs has launched a new blockchain platform to optimise commercial operations within the region, which is increasingly being seen as a pro-technology market. In an attempt to deal with some of the roadblocks that hinder the entrepreneurial sector in Dubai, the customs department is exploring the use of blockchain…
Metaverse technology has seen increasing adoption across multiple industries over the past few years. A report by research firm InsightAce Analytica has detailed the impact that metaverse technology is projected to have on the global healthcare sector. One of the main improvements that the metaverse is expected to show in…
Algorand is expanding its presence in India’s blockchain sector, one step at a time. This week, Algorand Foundation’s India-focussed initiative called AlgoBharat, announced an app developer programme to train Indian engineers in blockchain development. Nasscom, the country’s primary non-government tech trade body, has joined forces with Algorand to ramp up…
The European Blockchain Observatory and Forum (EUBOF) has given a heads up to the European Union (EU) to get prepared to handle the upcoming era of decentralised AI networks. In a report addressed to the EU, the EUBOF said that the merging of blockchain and AI is surfacing as a…
Humanity Protocol, a decentralised identity solution, has raised $30 million (roughly Rs. 250 crore) from a fresh funding round led by Kingsway Capital and the startup has hit unicorn status with its valuation surpassing the $1 billion (roughly Rs. 8,350 crore) mark. Over 20 other venture capital firms participated in…
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